PPP Loan Data — Spilled Milk Inc, Philadelphia, PA
Spilled Milk Inc is a corporation located at 4501 Tacony St in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,302.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Spilled Milk Inc in Philadelphia, PA received a Paycheck Protection Loan of $46,302 through Bank of America, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Spilled Milk Inc's 2019 payroll expenses are estimated to be at least $222,250.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,750 per employee1
Reported PPP Proceed Usage:
On the PPP application, Spilled Milk Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,302
Business Information - Spilled Milk Inc in Philadelphia, PA
4501 Tacony St
Philadelphia, PA 19124
All Other Rubber Product Manufacturing
NAICS code 326299
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Philadelphia
In the Philadelphia area, 2 businesses in the "All Other Rubber Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 7) and received an average PPP loan of $45,918 (compared to this company's $46,302).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 810 businesses in the "All Other Rubber Product Manufacturing" industry received a total of $226.81M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 26 employees, 271% higher than Spilled Milk Inc's reported 7 employees, and received an average PPP loan of $280,012, 505% higher than this company's loan of $46,302.
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Footnotes & Information
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